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Thread: Obama: Unemployment likely to keep ticking up

  1. #41
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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by obvious Child View Post
    Never worked? Germany 1930. So much for that argument. Furthermore, tax cuts are essentially stimulus.

    I agree with your second point.
    Myth.

    The Nazis and the German Economy
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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by RightinNYC View Post
    This just basically says the Nazi's massaged the numbers. Not like that'd ever happen here in American nosireebob.

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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by Liz Peeps View Post
    This just basically says the Nazi's massaged the numbers. Not like that'd ever happen here in American nosireebob.
    Which has what to do with the debate over whether or not the Nazi's actually had an economic miracle?
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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by RightinNYC View Post
    Which has what to do with the debate over whether or not the Nazi's actually had an economic miracle?
    Your link doesn't function as a trump card, sorry to tell you.

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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by RightinNYC View Post
    Eh. No citations. No discussion of per capita GDP (nor total GDP). More or less it just says this without providing any support for it. Give me something tangible.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama: Unemployment likely to keep ticking up

    Quote Originally Posted by obvious Child View Post
    Eh. No citations. No discussion of per capita GDP (nor total GDP). More or less it just says this without providing any support for it. Give me something tangible.
    The trading policies of the Third Reich aimed at discouraging trade with countries outside the German sphere of influence, [5] while making southern Europe largely dependent on Germany.[6] Eventually, the Nazi party developed strong relationships with big business [7] and abolished trade unions[8], while real wages dropped by a fourth[4] and employees could not easily change employer.[8] Taxes, though, were still low well into the war.[9] Already before the war, people undesirable to the regime were used as slave labour, and in 1944 they reached one quarter of the workers.[10]
    So all we have to do is cut wages by 25% and import approx. 41,000,000 slaves, and then we're golden.

    Unlike Italy, however, Germany did not strive to achieve full autarky. Hitler was aware of the fact that Germany lacked reserves of raw materials, and full autarky was therefore impossible. Thus he chose a different approach. The Nazi government tried to limit the number of its trade partners, and, when possible, only trade with countries within the German sphere of influence. A number of bilateral trade agreements were signed between Germany and other European countries (mostly countries located in Southern and South-Eastern Europe) during the 1930s. The German government strongly encouraged trade with these countries but strongly discouraged trade with any others.[5]

    By the late 1930s, the aims of German trade policy were to use economic and political power to make the countries of Southern Europe and the Balkans dependent on Germany. The German economy would draw its raw materials from that region, and the countries in question would receive German manufactured goods in exchange. Already in 1938, Yugoslavia, Hungary, Romania, Bulgaria and Greece transacted 50% of all their foreign trade with Germany.[6] Throughout the 1930s, German businesses were encouraged to form cartels, monopolies and oligopolies, whose interests were then protected by the state.[28]
    During the war, as Germany acquired new territories (either by direct annexation or by installing puppet governments in defeated countries), these new territories were forced to sell raw materials and agricultural products to German buyers at extremely low prices. Hitler's policy of lebensraum strongly emphasized the conquest of new lands in the East, and the exploitation of these lands to provide cheap goods to Germany. In practice, however, the intensity of the fighting on the Eastern Front and the Soviet scorched earth policy meant that the Germans found little they could use. On the other hand, a large quantity of goods flowed into Germany from conquered lands in the West. For example, two-thirds of all French trains in 1941 were used to carry goods to Germany. Norway lost 20% of its national income in 1940 and 40% in 1943. [31]
    I don't see this being replicated any time soon.

    The right to quit also disappeared: Labour books were introduced in 1935, and required the consent of the previous employer in order to be hired for another job. [8] In place of ordinary profit incentive to guide investment, investment was guided through regulation to accord with needs of the State. Government financing eventually came to dominate the investment process, which the proportion of private securities issued falling from over half of the total in 1933 and 1934 to approximately 10 percent in 19351938. Heavy taxes on profits limited self-financing of firms. The largest firms were mostly exempt from taxes on profits, however government control of these were extensive enough to leave "only the shell of private ownership."
    Seems ideal.

    [ame=http://en.wikipedia.org/wiki/Economy_of_Nazi_Germany]Economy of Nazi Germany - Wikipedia, the free encyclopedia[/ame]
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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